Sitex Group’s 271 KSF Facility in NJ Finds Tenant
The newly completed facility is close to major thoroughfares, most notably Route 17 and interstates 87 and 287. NAI James E. Hanson arranged the long-term lease with a tools manufacturer.
by Tudor Scolca | Apr 24, 2018
National Industrial News
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Rendering of One Sharp Plaza
Snow Joe DC, a lawn and garden tools manufacturer, has signed a long-term lease at Sitex Group’s 271,176-square-foot spec warehouse property in Mahwah, N.J. NAI James E. Hanson marketed the recently completed One Sharp Plaza on behalf of the landlord.
The Bergen County industrial facility is located at 100 Performance Drive, within Stateline Business Park, sitting on approximately 21 acres. Petillo Inc. was the general contractor for the project. According to Yardi Matrix data, developer Sitex Group received a $22 million construction loan from Santander Bank for One Sharp Plaza.
The facility features a 36-foot clear ceiling height, 54- by 60-foot column spacing, 36 dock doors, ESFR sprinklers, two drive-ins and parking space for 25 trailers and 184 cars. The warehouse also comes with exclusive signage rights in the form of a 10- by 48-foot pylon with visibility from Interstate 287.
Major transportation hub
One Sharp Plaza is within minutes of major thoroughfares, such as Route 17 and interstates 87 and 287. The distribution hub is less than an hour’s drive from New York City. Other points of interest within reach include the George Washington and Tappan Zee bridges, the Newark and Stewart airports and Port of Newark, all under 40 miles away. Interstate 287 has an annual average daily traffic count of more than 115,000 vehicles.
“With record property prices throughout much of Bergen County and a highly limited supply of state-of-the-art buildings, submarkets like Mahwah present industrial users with an ideal mix of location, flexibility and access to a highly skilled workforce that make this area a perfect location for companies like Snow Joe,” said NAI Hanson Senior Vice President Kenneth Lundberg, in a prepared statement.
Lundberg and Associate Patrick Lennon represented Sitex in the lease negotiations, while Chaus Realty’s Brian Scheuer worked on behalf of the tenant.